As discussed in Last Analysis Fresh longs should be taken above 25000 for a move towards 25200-25284. Bearish below 24624 for a move towards 24480-24300. High made today was 25168 so bank nifty reached near our target of 25200 but did not achieve it,hopefully will be done tomorrow. Close above 25200 will push bank nifty… Read More »
As discussed in Last Analysis So as 23300 is held we will make another upmove towards 23450-23616-23760. Bearish below 23100 for a move towards 22800-22500. High made today was 23536 new life high, Low made today was 23381 so bank nifty bulls protecting 23300 range. Till the low of 23300 protected bank nifty can continue… Read More »
Last Week we gave Chopad Levels of 8921, Nifty gave multiple entry in last week Long Entry on Monday which did 1 target on Upside by Tuesday.Nifty for a single session was not able to close below the Chopad level of 8921 suggesting Bulls were ready for the Big gap up which will happen tomorrow. … Read More »
As discussed in Last Analysis Bank Nifty continue to make low near the gann angle and continue to move upwards, Now if we close above 20750 tomorrow we can see quick move towards 20900/21000. Bearish below 20550 for a move towards 20300/20000. Traders having capital less than 10 lakhs should avoid trading for next 2… Read More »
FII’s sold 8.9 K contract of Index Future worth 617 cores , 3.3 K Long contract were liquidated by FII’s and 5.5 K long contracts were added by FII’s. Net Open Interest increased by 2.1 K contract, so rise in market was used by FII’s to exit long and enter short in Index futures. How Ordinary… Read More »
FII’s bought 3.9 K contract of Index Future worth 291 cores , 11.4 K Long contract were added by FII’s and 7.4 K short contracts were added by FII’s. Net Open Interest increased by 18.9 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. How Ordinary… Read More »
As discussed in Last Analysis Bank Nifty high made today was 20727 exactly near our 1 target of 20721. Now bulls need a close above 20750 for a move towards 20905/21200. Bearish only close below 20400 for a move towards 20200/20000. Bank Nifty traded in narrow range today and unable to break 20750 on upside… Read More »
Most of the Professional traders do not choose to trade on the budget day as it involved wild swings and one bad trade can give you a big hit on your trading account but there are many traders who wait for this day to take a plunge. Most of the traders end up losing a… Read More »
Last Week we gave Chopad Levels of 8335, Nifty gave Long Entry on Monday as low made was 8327 and did all target by Wednesday thus rewarding disciplined Chopad followers. Nifty Time cycle which started on 10 Jan till 25 Jan gave 351 points move. Now we have new time cycle which started from 27… Read More »
Indian Union Budget will be presented on 01 Feb 2017 , and as discussed in previous post Nifty remains in a wide range so there is an opportunity to trade in Nifty Options And the opportunity could turn out to be quite promising. Which will be market direction post budget we do not know so… Read More »